There are two firms, A and B, on a competitive market. Firm A’s total cost is given by: T = 1 + 0.5 2 and firm B’s total cost is given by: T = 0.5 2 + 6 The market demand curve is = 6 − p. We denote by the market supply (i.e., the sum of firm A’s supply and firm B’s supply). Find the shutdown prices of the two firms, respectively. What is the slope of the market supply curve (i.e. /p) when p=3? What is the slope of market supply curve when p=7? Find the market equilibrium price p∗ and quantity ∗. Calculate the economic profit of firm A and firm B, respectively, at the market equilibrium.
Answers
To find the shutdown prices for firms A and B, we need to determine the prices at which their total costs exceed their total revenue, leading to a situation where they would prefer to shut down rather than continue producing.
To find the shutdown price for firm A, we need to find the price (p) that satisfies the above inequality. This requires solving the quadratic equation. However, the equation provided for firm A's total cost (T_A = 1 + 0.5Q_A^2) seems to be incomplete or missing information. Please provide the correct equation for firm A's total cost.To find the shutdown price for firm B, we need to find the price (p) that satisfies the above inequality. This also requires solving the quadratic equation. However, the equation provided for firm B's total cost (T_B = 0.5Q_B^2 + 6) seems to be incomplete or missing information. Please provide the correct equation for firm B's total cost.The market supply is the sum of firm A's supply and firm B's supply. To find the slope of the market supply curve, we need to determine the derivative of the market supply with respect to price (/p) when p = 3Slope of the market supply curve at p = 7:Similar to the previous case, we need to determine the derivative of the market supply with respect to price (/p) when p = 7.Market equilibrium price (p∗) and quantity (∗):The market equilibrium occurs when the quantity demanded equals the quantity supplied. To find the equilibrium price and quantity, we need to set the market demand equal to the market supply and solve for p and QEconomic profit of firm A and firm B at the market equilibrium:The economic profit of a firm is given by the difference between total revenue and total cost. To calculate the economic profit for firm A and firm B at the market equilibrium, we need to substitute the equilibrium price and quantity into their respective total revenue and total cost equations and calculate the difference.
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Related Questions
The ratio of nominal economic output to real economic output multiplied by 100 is the:
a) producer price index.
b) consumer price index.
c) GDP deflator.
d) exchange rate.
Answers
The ratio of nominal economic output to real economic output multiplied by 100 is the GDP deflator.
The changes in the prices of all goods and services produced by the economy are measured by the GDP price deflator. It's otherwise called the implied cost deflator. GDP deflators illustrate the impact of price fluctuations on a nation's GDP. It is calculated in two steps: first, it is based on a base year and then it is compared to the prices that are currently in effect.
The GDP price deflator demonstrates how the price level affects GDP changes. At the point when cost level changes, expansion and economy by following costs paid by everybody in the nation individuals, business and government.
A measure of the money price of all new, domestically produced final goods and services in an economy over the course of a year in relation to their actual value is the GDP deflator, also known as the implicit price deflator. It can be used to determine how much money is worth.
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A financial market is said to be ___________ if the pieces of securities reflect all information that is available to the public.
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A financial market is said to be information efficient if the pieces of securities reflect all information that is available to the public information efficient.
What is information efficiency in the financial market?
How accurately and rapidly market prices reflect information and, as a result, the real value of an underlying asset. A market that is efficient will have perfect, full, immediate, and cost-free information transmission. In an effective market, asset prices accurately reflect all information that is available to market participants. As a result, it is impossible to profit ex-ante from trading assets in a market that functions effectively. Markets are efficient if they allocate resources to the most highly valued use and if rare and swiftly extinguished excess profit opportunities exist. Financial markets are typically efficient at allocating resources.Learn more about the Financial market with the help of the given link:
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Richard has recently finished college and is about to prepare for his exam to become a certified public accountant. He wants to talk to other accountants to learn how best to prepare for this exam. Which professional organization would be most helpful for him to join?
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Answer:
The accountant federation
What does this sign mean?
Answers
Answer:
Pedestrian : A person who walks on foot rather than in vehicles.
refer to figure 5-1. suppose that the government decides to set the money price of driving on the freeway at zero, but creates programs that encourage drivers to carpool. if the carpooling program is sufficiently successful to eliminate the shortage of freeway space at 8 a.m., graphically the result of the increase in carpooling would be a
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Carpooling, also known as vehicle-sharing, ride-sharing, and lift-sharing, is the practice of splitting up car trips so that multiple people can travel together and avoid having to make their own way to a destination.
Carpooling lowers each person's travel expenses, such as fuel prices, tolls, and the stress of driving, by allowing more people to share one vehicle. Carpooling is also a more sustainable and environmentally beneficial method of transportation because it cuts down on air pollution, carbon emissions, traffic congestion, and the demand for parking spots. Authorities frequently promote carpooling, particularly when air pollution is high or fuel prices are high. Using all of a car's seats via carpooling is a smart idea.
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tiberius manufacturing is considering two alternative investment proposals with the following data: proposal x proposal y investment $10,300,000 $500,000 useful life 5 years 5 years estimated annual net cash inflows for 5 years $2,060,000 $100,000 residual value $60,000 $28,000 depreciation method straight−line straight−line required rate of return 14% 13% calculate the accounting rate of return for proposal y. (round any intermediate calculations and your final answer to two decimal places.) question content area bottom part 1
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The accounting rate of return for proposal Y is 100%.
To calculate the accounting rate of return (ARR) for proposal Y, we need to find the average annual net income and divide it by the average investment.
First, let's calculate the average annual net income. The estimated annual net cash inflow for proposal Y is $100,000 for 5 years. To find the average, we add up the net cash inflow for each year and divide it by the number of years:
Average annual net income = ($100,000 * 5) / 5 = $100,000
Next, let's calculate the average investment. The investment for proposal Y is $500,000. Since the useful life is 5 years, the average investment is simply the total investment divided by the number of years:
Average investment = $500,000 / 5 = $100,000
Now, we can calculate the ARR by dividing the average annual net income by the average investment and multiplying by 100 to express it as a percentage:
ARR = ($100,000 / $100,000) * 100 = 100%
Therefore, the accounting rate of return for proposal Y is 100%.
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Let's calculate the average annual net cash inflows for Proposal Y. The net cash inflow for each year is $100,000. Since the useful life is 5 years, the total net cash inflows for the 5 years would be $100,000 x 5 = $500,000. Next, let's calculate the average annual net cash inflow by dividing the total net cash inflows by the number of years, which is $500,000 / 5 = $100,000.
Now, let's calculate the ARR. We'll divide the average annual net cash inflow by the initial investment, and then multiply by 100.
ARR = ($100,000 / $500,000) x 100 = 0.20 x 100 = 20%
Therefore, the accounting rate of return for Proposal Y is 20%.
To calculate the accounting rate of return (ARR) for Proposal Y, divide the average annual net cash inflows by the initial investment and multiply by 100.
1. Calculate the average annual net cash inflows for Proposal Y:
- Net cash inflow for each year is $100,000.
- Total net cash inflows for 5 years: $100,000 x 5 = $500,000.
2. Calculate the average annual net cash inflow:
- Divide the total net cash inflows by the number of years: $500,000 / 5 = $100,000.
3. Calculate the ARR:
- Divide the average annual net cash inflow by the initial investment: ($100,000 / $500,000) x 100 = 20%.
The accounting rate of return for Proposal Y is 20%. This means that Proposal Y is expected to generate a return of 20% on the initial investment.
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What is a statement used to communicate one’s feelings in a nonconfrontational manner?
An ______ is a statement used to communicate one’s feelings in a nonconfrontational manner.
Answers
the answer is (an art) yw I hope you have a good day
Answer:
It is an: i-statement
Explanation:
I got it right on Edmentum.
The branch of economics that examines the economy as a whole is called.
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The branch of economics that examines the economy as a whole is called Macroeconomics.
What is macroeconomics?Macroeconomics studies the function of the entire economy of a nation, group of nations, or the world.
Microeconomics deals with individuals, households, organizations, and businesses as they interact within an economic system.
Thus, the branch of economics that examines the economy as a whole is called Macroeconomics.
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Question 14 (2 points)
Which career cluster involves hands-on occupations and possibly working outside?
Investigative
Realistic
Enterprising
Conventional
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Answer: Enterprising
Explanation: Hands-on jobs are occupation that requires little education, it relate to the practice of learning from experience on the job rather than reading and learning from books. The career cluster of hands-on occupation includes; technicians, plumbers, woodwork, hygiene and catering workers etc.
Enterprising is characterized by great imagination and initiative with energetic to carry out work . Enterprising best fit hands-on career cluster.
the signing of the project charter marks the transition between which two phases of the project life cycle? a. selecting and initiating b. initiating and planning c. planning and executing d. executing and closing
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The signing of the project charter marks the transition between initiating and planning phases of the project life cycle.
What is project life cycle?It gives project managers a structured way to plan, execute, and complete a project. This project management procedure is divided into four stages: initiating, planning, executing, and closing. Between the executing and closing stages, some may include a fifth "monitoring and controlling" phase.The signing of the project charter marks the end of the high-level project initiating stage and the beginning of the more detailed project planning stage. The signing of the project portfolio statement marks the end of the high-level project initiating stage and the beginning of the more detailed project planning stage.A project charter only have three components that are, project objectives, scope, and responsibilities. Phase of project execution and monitoring. This is the most important and crucial stage of your project management life cycle.To learn more about project life cycle refer to :
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B) The project life cycle's two initiating and planning phases are joined together when the project charter is signed.
When is the project charter signed? What stage of the project life cycle?Before considerable resources are allocated, the charter is prepared during the Initiation phase. Typically, the early project charter should only be a few pages long. If they explicitly grant authority to the project and project manager, they can be as brief as a portion of a single page.
What does stage 2 of the project management life cycle entail?Planning. You'll decide the steps to really accomplish the project goals during the planning phase—the "how" of project completion. You'll set up spending limits, deadlines, and checkpoints, as well as the sources and required paperwork.
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Teen entrepreneurs in Florida find sweet
success in honey business
Why did the author MOST LIKELY conclude the article by describing future possibilities for Black Bee Honey?
because this demonstrates the danger of food deserts and the need for more honey access
because this shows how giving students ownership can help them develop new skills and goals
because this emphasizes the importance of ensuring that student businesses are successful
because this helps the reader understand how Black Bee Honey contributes to the community
Answers
The author most likely conclude the article by describing future possibilities for Black Bee Honey because this emphasizes the importance of ensuring that student businesses are successful.
What is an article?An article is a piece of writing about a particular subject that is included in a magazine, newspaper, etc. It is a nonfictional prose composition usually forming an independent part of a publication.
Teen entrepreneurs in Florida find sweet success in honey business. This statement emphasizes the importance of ensuring that student businesses are successful.
Therefore, the statement mentioned in C is correct.
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Identify which of these habits could result in credit issues.
A. paying for large purchases in cash
B. loaning money to a creditworthy person
C. spending money within a personal budget
D. charging money on multiple credit cards and not making payments
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which type of business organization has the advantage of having being your own boss, but the disadvantage of unlimited personal liability?
Answers
Answer:
Entrepreneurship
Explanation:
Entrepreneurship is being your own boss
A step-by-step process that involves several procedures such as defining the problem, collecting relevant information, and analyzing the information so that higher management can make a decision is called _____.
market strategy
market function
market research
market structure
Answers
Answer:
I think the answer is market research.
Explanation:
i dont know
What must a landlord do before commencing a lawsuit for actual eviction?
A. Contract with a company to forcibly remove the tenant and possessions
B- Obtain a judgment from the court
c. Serve notice on the tenant
D- Notify the sheriff
Answers
Before commencing a lawsuit for actual eviction, a landlord must serve notice on the tenant. So, the correct answer is option C. Serve notice on the tenant.
What is a lawsuit for actual eviction?A lawsuit for actual eviction is a legal action taken by a landlord against a tenant to evict the tenant from the leased property. A lawsuit for actual eviction differs from a lawsuit for constructive eviction in that the latter is based on the landlord's conduct that causes the premises to become uninhabitable or unusable for the tenant.
The lawsuit for actual eviction, on the other hand, is based on the tenant's failure to comply with the terms of the lease. Before commencing a lawsuit for actual eviction, a landlord must serve notice on the tenant. A notice to quit is a written notice that a landlord must provide to a tenant before filing a lawsuit for actual eviction.
A notice to quit serves as a formal demand for the tenant to vacate the property. If the tenant refuses to leave after receiving a notice to quit, the landlord can file a lawsuit for actual eviction in court.
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6.If your company matches 75 cents on the dollar, and you contribute $200 a paycheck, how much will your employee match?
PLZ HELPPP I DONT UNDERSTAND THIS
Answers
Answer:
Your employee match will be 0.75 x 200
so only around $17.5
Kaylin works in the Manufacturing career cluster. The daily tasks of her career involve looking at ways that her company is at risk for causing problems to the health of its workers. She also analyzes those problems and comes up with solutions to implement.
What job does Kaylin most likely have?
Occupational Health and Safety Specialist
Environmental Science and Protection Technician
Quality Control Analyst
Product Safety Engineer
Answers
Answer:
A-Occupational Health and Safety Specialist
Explanation:
Occupational Health and Safety Specialist. Hence, option A is appropriate.
What is the meaning of Health?A state of complete physical, mental, and social well-being is referred to as health. A balanced diet and consistent exercise are necessary for a healthy life cycle. Additionally, one needs to maintain appropriate hygienic practices, live in a decent shelter, and get adequate sleep.
Your lifestyle should include a commitment to good health. A healthy lifestyle can aid in the prevention of chronic diseases and debilitating conditions. Your self-esteem as well as self-image depend on how you feel about yourself and how well you take care of your physical and mental well-being. Living a healthy lifestyle means taking care of your body.
Personal health is divided into five categories: physical, emotional, social, spiritual, and intellectual.
The WHO Constitution defines "health" as "a condition of complete physical, mental, and social well-being and not only the absence of disease or disability." Balanced health is based on five pillars: activity, diet, sleep, stress reduction, and social interaction. While we can borrow from or swap out part of the balance in one area for another, when we take too much of too many of these fundamentals, our general health begins to deteriorate.
Hence, option A is correct.
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How many blank sections does edge have? this is the second one and ill even show you the first one!
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companies that purchase ________ software can use it in their operations but cannot change the source code themselves.
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Companies that purchase Proprietary software can use it in their operations but cannot change the source code themselves.
Software is a set of instructions, information, or programs accustomed operate computers and executing specific tasks. it's the alternative to hardware, that describes the physical aspects of a computer. computer code may be a generic term used to talk about applications, scripts, and programs that run on a device.
Software not only makes your element perform important tasks but, can even facilitate your business work additional efficiently. the correct software can even cause new ways in which of working. it's so a vital business plus and you ought to opt for your software rigorously in order that it matches your business needs. Your system has 3 basic sorts of software: application programs, device drivers, and in-operation systems.
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Scott Weisberg feels his job at Wendy’s includes all the following except
a) serving a senior leadership team member who makes strategy decisions.
b) serving as a manager of the human resources leadership team.
c) serving as a function leader who supports an agenda to assist franchisees and business partners in the company.
d) supervising the Board of Directors.
e) being a confidant to the CEO.
Answers
Scott Weisberg feels his job at Wendy’s includes all the following except Supervising the Board of Directors .
What is Scott Weisberg ?
Having worked in the medical industry for more than 27 years, Scott Weisberg, MD, is a Family Medicine Specialist in Birmingham, Alabama.
In 1996, he received his degree from ALBANY MEDICAL COLLEGE. His connection to Brookwood Baptist Medical Center is established. New clients and telehealth appointments are both accepted at his practice.
What function does the board of directors serve?
The board of directors' primary responsibilities include selecting the company's CEO or general manager and determining the company's overall strategy.
All other personnel must be hired by the CEO or general manager, who is also in charge of managing the company's daily operations.
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what are hot assets and why are they important in the sale of a partnership interest
Answers
Hot assets refer to assets that are taxable as ordinary income in the sale of a partnership interest. They are important because they can affect the tax treatment of the sale.
What are hot assets? Hot assets are certain assets that are taxable as ordinary income in the sale of a partnership interest. Some examples of hot assets include:Unrealized receivablesInventorySection 751 assets The sale of a partnership interest can trigger the sale of these hot assets, which can result in a different tax treatment for the buyer and seller.
For example, the buyer may be able to depreciate the assets, while the seller may have to recognize ordinary income. It is important to consider the presence of hot assets in the sale of a partnership interest to properly allocate the purchase price and determine the tax consequences.
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Which of the following is not a disadvantage to cash advances on a credit card? a. cash advances are similar to loans in that they need to be paid back with interest. b. cash advances require a lot of paperwork and are generally difficult to get. c. cash advances are often the last thing to be paid when paying off your credit card. d. cash advances often come with an interest rate much higher than your credit card. please select the best answer from the choices provided. a b c d
Answers
It is not a disadvantage that a. cash advances are similar to loans in that they need to be paid back with interest.
What is cash advance on a credit card?A cash advance on credit card is can be described as a short-term cash loan secured by the credit line on your credit card.
In addition, cash advances, like loans, must be repaid with interest, which is not a disadvantage.
Most credit card including charge card providers will give their customers a cash advance if they ask for one, and this is going to be their credit limit.
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Compare and contrast the principal characteristics of a market economy with those of a command economy
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Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
Explanation:
Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.
Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded
Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.
question content area sales to customers who use bank credit cards, such as mastercard and visa, are generally treated as
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Credit sales are typically considered to be transactions with clients who pay with bank credit cards like MasterCard and Visa.
A few days or weeks after a product is delivered, credit sales are paid for. On a company's balance sheet, short-term credit arrangements are represented as accounts receivable rather than immediate cash payments.
In a credit sale, a company extends credit to a customer in exchange for the purchase of goods. Customers are not required to invest their own funds in a company, and they are given time to pay after recouping their initial investment by selling the goods they bought.
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investor groups that provide funding in exchange for an ownership stake in the firm are called .
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An investor groups that provide funding in exchange for an ownership stake in the firm are called a venture capitalists.
Who are a venture capitalists?Basically, a venture capitalist means private equity investor that provides his/her capital to companies with high growth potential in exchange for an equity stake. These capitalists could be funding startup ventures or supporting small companies that wish to expand but do not have access to equities markets.
In economics, the three types of venture capitalist are narrowed down to an early stage financing, expansion financing and acquisition/buyout financing.
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HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit
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your company is manufacturing a new product , you need to establish a product quality control process. what are three things you must do to create/ establish. your product quality control process? (choose 3). 1.) developing the product website and social media campaign ? 2.) setting up your test market strategy ? 3.) review the results of internal quality assurance testing ? 4.) establish the method to use or testing product quality ? 5.) determine what standards have to be met based on the product and industry ? 6.) publish your test results in a popular professional journal?
Answers
Answer:5,4,and1
Explanation:
"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a double lot, and a large oversized garage and the house was bigger than the smaller homes on either side of it. The homeowner decided to sell the home and was very surprised when the appraiser did not give him the value that he had expected. In this case, the appraiser used the principle of:
Answers
Answer: Functional Obsolescence
Explanation:
Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.
Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.
Answer:
Conformity
Explanation:
a house that is built differently than the houses in the area actually may have a decrease in value.
pls help :(
If the team charges $10 per dream bag and sells all 100 bags how much revenue will they collect?
If the team sells all 100 bags how much profit will they make
(hint revenue - total cost = profit)
Answers
Answer:
Explanation:
If the team charges $10 per dream bag and sells all 100 bags, their revenue will be:
Revenue = Price per bag x Number of bags sold
Revenue = $10 x 100
Revenue = $1000
Therefore, if the team sells all 100 bags, they will collect $1000 in revenue.
To calculate the profit, we need to know the total cost of producing and selling the dream bags. Let's assume that the total cost is $600.
Profit = Revenue - Total Cost
Profit = $1000 - $600
Profit = $400
Therefore, if the team sells all 100 bags at a price of $10 per bag and has a total cost of $600, they will make a profit of $400.
Answer:
$1000 (Revenue)
$400 (Profit)
Explanation:
Given:
Price - $10
Quantity - 100 bags
Total revenue formula:
Total revenue = price * quantity
Substitute values:
Total revenue = 10 * 100
Calculate:
Total revenue = $1000
During 2013, Going, Going, Gone sold 100 hot air balloons for $4,000 each. The balloons carry a 5-year warranty for defects. Estimates indicate that repair costs will average 4% of the total selling price. The estimated warranty liability at the beginning of the year was $42,000. $11,000 in claims was actually incurred during the year to honor their warranty. What was the balance in the estimated warranty liability at the end of the year
Answers
Answer:
Value of addition into warranty during the current year = Total Selling price * 4%
= (100*$4000) * 4%
= $400,000 * 4%
= $16,000
Warranty liability balance Amount ($)
Opening $42,000
Add: Addition during the year $16,000
Less: Claims actually incurred $11,000
Closing balance $47,000